Welcome to our dedicated page for Acnb news (Ticker: ACNB), a resource for investors and traders seeking the latest updates and insights on Acnb stock.
ACNB Corporation (NASDAQ: ACNB) is a financial holding company headquartered in Gettysburg, PA. Through its subsidiaries, ACNB Bank and ACNB Insurance Services, Inc., the company provides a wide range of banking, insurance, and financial services to individuals, businesses, and government entities. Originally founded in 1857, ACNB Bank offers traditional banking products such as checking, savings, and money market deposit accounts, as well as commercial and consumer lending products including commercial mortgages, real estate development and construction loans, and personal residential mortgages. ACNB Insurance Services, Inc., a full-service insurance agency operating with licenses in 46 states, provides property, casualty, health, life, and disability insurance solutions.
As of March 31, 2024, ACNB Corporation reported total assets of $2.41 billion, total loans of $1.66 billion, and total deposits of $1.84 billion. The company is dedicated to maintaining strong asset quality, evidenced by a non-performing loan ratio of 0.24% and a tangible common equity to tangible assets ratio of 9.61%. The company's financial performance highlights include a net interest margin of 3.77% and a return on average assets of 1.12% for the first quarter of 2024. ACNB Corporation also declared a quarterly cash dividend of $0.32 per share payable in June 2024, reflecting a 14.2% increase over the previous year.
Recent initiatives by ACNB Corporation include rebranding efforts to unify its subsidiaries under a single brand and strategic moves to enhance its capital base and liquidity. The company continues to focus on executing its strategic plan to remain the independent financial services provider of choice in its markets, delivering value to shareholders, supporting its communities, and meeting customer needs with a comprehensive range of financial products and services.
ACNB (NASDAQ: ACNB) has announced a 14.3% increase in its quarterly cash dividend, declaring $0.32 per share payable on September 13, 2024, to shareholders of record as of August 30, 2024. This increase from $0.28 per share in Q3 2023 will result in aggregate dividend payments of approximately $2.7 million to shareholders in Q3 2024.
ACNB , a $2.4 billion financial holding company headquartered in Gettysburg, PA, operates through its subsidiaries ACNB Bank and ACNB Insurance Services, Inc. The bank, founded in 1857, offers banking and wealth management services across 26 community banking offices and three loan offices in Pennsylvania and Maryland. ACNB Insurance Services provides a wide range of insurance products in 46 states.
ACNB (NASDAQ: ACNB) has announced the election of Alexandra Chiaruttini to its Boards of Directors and ACNB Bank's Board of Directors. Ms. Chiaruttini, Chief Administrative Officer & General Counsel at the York Water Company, brings legal and public company expertise to the financial institution. Her appointment is expected to enrich the Board and management team with valuable insights.
FAQ
What is the current stock price of Acnb (ACNB)?
What is the market cap of Acnb (ACNB)?
What services does ACNB Corporation provide?
Where is ACNB Corporation headquartered?
What is the recent financial performance of ACNB Corporation?
What is the latest dividend announced by ACNB Corporation?
What type of insurance services does ACNB Insurance Services provide?
What is ACNB Corporation's approach to asset quality?
What are ACNB Corporation's future strategic goals?
What are the recent initiatives taken by ACNB Corporation?
How does ACNB Corporation support its communities?
In which states is ACNB Insurance Services licensed?
